The Kor Group is proud to announce that it has formed a partnership with the Merchant Banking Division of Goldman, Sachs & Co., who joins the development team as capital partner for Austin Proper Hotel & Residences.
The 33-story, 500,000 square-foot, mixed-use project in downtown Austin will be managed and branded by the lifestyle hotel operator, Proper Hospitality, and includes interior design by international style icon Kelly Wearstler; 244 hotel rooms; multiple dining options by McGuire Moorman Hospitality; over 12,000 square feet of indoor and outdoor meeting and event space; and retail. Perched atop the hotel are 99 exclusive for-sale condominium residences and penthouses. The project is located in the GreenWater redevelopment on Block 188 in the heart of the dynamic 2nd Street District at its intersection with Nueces.
The residences and penthouses are quickly pre-selling. Residences are currently priced from $600,000-$3,000,000 and penthouses from $3,400,000-$8,000,000. The project has received its site development permit, and construction is slated to begin Q3 2016, with the hotel opening in 2018.

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